Compliance Officer & MLRO

Job Title: Compliance Officer & MLRO

Job Location: Riyadh, Saudi Arabia

Years of Experience: 23 Years

Key Responsibilities:

Regulatory Compliance

1- Ensure full compliance with all applicable laws, regulations, and regulatory requirements, including those issued by the Capital Market Authority (CMA).

2- Develop, implement, and maintain a comprehensive Compliance Framework, including policies, procedures, and internal controls.

3- Monitor regulatory updates and assess their operational and strategic impact on the company.

4- Act as the primary liaison with regulators on all compliance-related matters.

5- Prepare, review, and submit regulatory reports, disclosures, and filings within required timelines.

AML/CFT Responsibilities (MLRO)

1- Develop, implement, and oversee the Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) program.

2- Supervise Customer Due Diligence (CDD), Enhanced Due Diligence (EDD), and ongoing monitoring processes.

3- Review and investigate suspicious activities and ensure proper internal escalation procedures.

4- File Suspicious Transaction Reports (STRs) and coordinate with the Saudi Financial Intelligence Unit (SAFIU) and other relevant authorities as required.

5- Ensure effective sanctions screening, monitoring, and reporting processes are in place.

Risk Management & Monitoring

1- Conduct periodic compliance and AML risk assessments and recommend appropriate mitigation measures.

2- Perform ongoing compliance monitoring activities and internal reviews.

3- Identify compliance gaps and implement corrective action plans.

4- Prepare and present compliance and AML reports to senior management and the Board/Compliance Committee.

Policies, Training & Awareness

1- Develop, review, and update compliance and AML policies, manuals, and internal procedures.

2- Deliver compliance and AML training sessions to employees across departments.

3- Promote a strong culture of compliance, integrity, and ethical conduct within the organization.

Governance & Reporting

1- Prepare periodic Compliance and AML reports for senior management and the Board.

2- Maintain proper documentation, audit trails, and regulatory records for inspection purposes.

3- Support internal and external audits, as well as regulatory examinations.

Professional Certifications (Mandatory):

- CMA Qualification Requirements (CME), including:

- CME-1B

- CME-2A

- CME-2B

Equivalent qualifications may be considered where applicable, such as:

- CFA Level I or above

Requirements:

- 2 to 3 years of relevant experience in Compliance and/or Anti-Money Laundering within the capital markets or financial services sector.

- Strong knowledge of CMA regulations and compliance obligations.

- Experience in implementing AML/CFT controls, including CDD, EDD, and transaction monitoring.

- Exposure to regulatory reporting, compliance monitoring, or internal compliance reviews is preferred.

- Prior experience within a capital market institution is considered an advantage.

- Proficiency in English and Arabic (essential).